BAKU/29.01.14/TURAN : Assets of NBCBank increased in 2013 by 36.3 %, reaching 117.22 million manat. Volume issued to individuals and legal entities grew by 36.2 % and amounted to 95.26 million manat.
The total liabilities of the bank increased from 61.74 million to 77.04 million manat. Deposit portfolio increased by 31.7 % and amounted to 52.34 million manat, including term client investments increased by 35.6% to 50.35 million manat.
Equity capital reached 40.18 million manat. The total capital increased by 67.8 % higher than the 38.79 million manat and paid charter capital - by 86.9 % to 36.54 million manat.
The bank's earnings equaled 15.56 million manat and expenditures - 14.32 million manat , an increase compared with 2012 , respectively 36.6% and 56.1 %. Net profit after tax decreased by 81.1 %, amounting to 448 thousand manats. - 15B -
Economics
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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The Cabinet of Ministers of the Republic of Azerbaijan approved amendments on July 17 to the list of goods, services, and tariffs regulated by the state, as well as adjustments to import and export customs duties. These changes, guided by Article 119, paragraph 8 of the Constitution of Azerbaijan, aim to streamline economic activities and improve the regulatory framework.
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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